Sido reviews annual tenant’s fee for industrial estates

The Small Industries Development Organisation (Dsm) regional manager Mackdonald Maganga, said that they intend to review rental fee three months from now.

Sido reviews annual tenant’s fee for industrial estates

The Small Industries Development Organisation (Dsm) regional manager Mackdonald Maganga, said that they intend to review rental fee three months from now.

06 mart 2018 Tuesday 08:53
Sido reviews annual tenant’s fee for industrial estates

TENANTS who rented at SIDO industrial estates in Dar es Salaam region will have to deep further into their pockets following news that the organization is mulling to review annual fees

Speaking in an interview, the Small Industries Development Organisation (SIDO) Dar es Salaam regional manager Mackdonald Maganga, said that they intend to review rental fee three months from now.

He said the organization’s management will sit down in May this year to review the current rental charges.

However he did not reveal the current fee or amount of money that tenants at the estate will pay after the review.

The estates are home to most of the small and medium scale entrepreneurs under an incubator programmes aimed at nurturing them to develop to large commercial business undertakings.

Sources says at the moment entrepreneurs who are under the incubator programme pay very little rent opposed contrary to the market prices.

The programme was meant to ensure that the renters stay for a while before shifting and leave the premises to others, but the practice has shown that most of them did not vacate due to the small amount of money they pay in form of rent.

Sido have seen that it is necessary to review the rent charges so as to enable other interested entrepreneurs to use our facilities for a short time before they grow.

Up to the moment the incubator programme is available in Dar es Salaam, Mbeya, Mwanza, Arusha, Rukwa Kilimanjaro and Singida regions.

The organisation also plans to enhance technology incubation programmes aimed at supporting entrepreneurs who have innovative and creative technological or industrial ideas with commercial undertakings.

Sido has been and will continue to encourage innovation of new products and services through incubation and provide modular work premises with common facilities, managerial support and back up services to product developers.

Azania Post

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